(Entertainment-NewsWire.com, November 14, 2017 ) Nasal Drug Delivery Market is increasing at a good CAGR due to the various advantages of nasal drugs. The market for nasal drug conveyance has oligopolistic trademark because of a couple of prevailing players. In this way the energy of the venders is high and there is a premium on most nasal drug delivery items. The intra-nasal route of drug administration is becoming popular due to its noninvasive nature thereby reducing pain and threat of infections and allows the patient to self-administer drugs without any help from anyone. Moreover recent research has also pointed its applications related to drug delivery to the brain. Bioavailability of a drug is defined as the proportion of a drug entering the systemic circulation as compared to the dosage. Nasal drug delivery eliminates drug destruction by HCL present in the stomach thereby increasing bioavailability which reduces the dosage of the drug. The reduction in dosage leads to proportional reduction in side effects. Growth of over the counter nasal drugs such as inhalers for common cold is also driving the market.
Taking all factors into consideration, we expect the Middle East and Africa Nasal Drug Delivery Market to reach around $ 1.59 billion in 2022 growing at a CAGR of 8.1%; this market was worth $ 1 billion in 2015.
Other market driving factors include ease of administration, growing efficacy of the route due to development of drugs which are absorbed easily from the nasal route and the development of advanced products such as metered dose pressurized containers which deliver a very precise dose.
The market's requirements are bothering of the nasal course and the low dosage of the drug that can be conveyed when contrasted with other course of organization. Different requirements incorporates low mindfulness and simultaneous low ubiquity of the course which lessens economies of scale in creating these delivery devices.
Regional Analysis of Middle East and Africa Nasal drug delivery Market:
UAE is the largest market for nasal drug delivery in entire Middle East and Africa nasal drug delivery Market closely followed by Egypt. The rest of Africa’s market is growing at a very fast rate due to huge unmet medical needs and growing popularity of nasal route.
Market Segments:
On the basis of system, market is segmented into unit dose, multi-dose and metered dose.
Delivery technologies; market is segmented into spray, nebulizers and other.
Therapeutic applications; market is segmented into rhinitis, congestion, vaccinations and others.
Huge Companies for Middle East and Africa Nasal Drug Delivery Market
GlaxoSmithKline plc, Becton Dickson & Company, Novartis AG, Pfizer, Sanofi-Aventis, Merck & Co., AptarGroup, Johnson & Johnson Services.
Study Aim Middle East and Africa Nasal drug delivery Market:
The market for nasal drug delivery is increasing at a good CAGR due to the above mentioned advantages of nasal drugs. Other market driving factors include ease of administration, growing efficacy of the route due to development of drugs which are absorbed easily from the nasal route and the development of advanced products such as metered dose pressurized containers which deliver a very precise dose.
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies and drawing a competitive landscape for the market.
To provide country level analysis of the market with respect to the current market size and future growth prospect.
The report of Middle East and Africa nasal drug delivery market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance.
Figure 1 Research Process Figure 2 Porters Five Forces Model Figure 3 Middle East And Africa Nasal Drug Delivery Market, By Dosage Form Figure 4 Middle East And Africa Nasal Drug Delivery Market, By System Figure 5 Middle East And Africa Nasal Drug Delivery Market, By Delivery Technology Figure 5 Middle East And Africa Nasal Drug Delivery Market, By Application Figure 6 Middle East And Africa Nasal Drug Delivery Market, By Region Figure 7 Middle East And Africa Nasal Drug Delivery Market: Company Share Analysis, 2015 (%)